MarketMinute | Builders increase incentives
Challenger reports a sharp decline in layoffs in December. Job cuts hit a 17-month low, potentially signaling labor market stabilization. After falling in November, private payrolls rose 41K in December, slightly below expectations, according to private payroll company ADP. Minimum wages went up in 19 states in January. Most rose to $15/hour or more, providing a pay bump for an estimated 8.3 million workers. The median existing home price rose to $409,200 in November, according to NAR. Home prices are...
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